Mayer Brown advises Oxford Catalysts Group PLC on the successful conditional placing of shares to raise £21 million
25 February 2011
Leading global law firm Mayer Brown has advised Oxford Catalysts Group PLC on the placing of 26,250,000 new Ordinary Shares, at a price of 80p per new Ordinary Share, to raise £21 million (before expenses).
Oxford Catalysts, which designs and develops technology for the smaller scale production of clean synthetic fuels from conventional fossil fuels and renewable sources such as bio waste, intend to use the net proceeds of the Placing to accelerate the group’s transition from a research and development organisation to a commercial product company.
The new Ordinary Shares are expected to be admitted to trading on AIM on 18th March 2011.
Rob Hamill, partner in the Corporate group at Mayer Brown, said: "This was a good fund raising in difficult markets and shows that there is strong investor appetite for this type of clean tech business."
The Mayer Brown team was led by Corporate partner Rob Hamill with Corporate associates Michelle Wyatt and Beccy Bothamley.
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